Review:
Financial Projections
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Financial projections are forecasts of future revenues and expenses for a company, typically covering a period of one to five years. They are used to plan and monitor the financial performance of a business.
Key Features
- Revenue projections
- Expense projections
- Cash flow projections
- Profit and loss projections
Pros
- Helps businesses plan for the future
- Assists in setting realistic financial goals
- Provides insight into potential financial challenges
- Can be used to attract investors or secure loans
Cons
- Projections are based on assumptions and may not always be accurate
- Changes in the market or economy can impact projections